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Wed. Mar. 28, 2012 Bank of America quadruples pay for chief executive Brian Moynihan Bank of America Corp., the second- biggest US lender, more than quadrupled chief executive Brian T. Moynihan’s 2011 compensation to $8.09 million as the company returned to profitability. (A Wellesley resident, Moynihan is a former executive of FleetBoston Financial Inc., which was bought by Bank of America in 2004.)	Advertisement
Webster First Federal Credit Union to merge with Filene Federal Credit Union Webster First Federal Credit Union, which has taken over three credit union in the past year, now plans to absorb a fourth.In the latest deal, Worcester-based Webster said Wednesday it will merge with Filene Federal Credit Union in Boston on March 31. Last year, Webster First acquired Saugus Federal Credit Union, Fitchburg Federal Credit Union and Winthrop Federal Credit Union.
Yankee Candle’s Harlan Kent to star in episode of ‘Undercover Boss’ TV show Yankee Candle’s Harlan Kent is taking a page from Clark Kent’s playbook by concealing his true identity. The chief executive is taking part in “Undercover Boss,” a CBS television show that disguises company executives as entry-level employees. In Friday’s episode, which airs locally at 8 p.m., Kent will work in four different jobs, including one as a packer in the Whately manufacturing plant. Kent also works at the company’s flagship store in Deerfield, a shrine to the scented candles that are the company’s signature product.
Region’s largest seafood wholesaler working with Legal Sea Foods to improve fish labeling Agar Supply, New England’s largest independent food distributor, has partnered with Legal Sea Foods to launch a new label that will allow restaurants and supermarkets to track fresh fish all along the supply chain. Legal Sea Foods wholesale division, Nor’Easter, will supply nearly all of the fresh fish marketed under Agar’s “Nautifish” brand, including haddock, cod, salmon, and tuna. Nor’Easter will use new technology to create a barcode on each package that will include details such as when the seafood was caught, who caught the product, what region is was caught in and when the seafood was prepared for packaging.
Liverpool Football Club will play soccer at Fenway Park in July game against AS Roma The Liverpool soccer team that now shares a corporate parent with the Boston Red Sox is set to play a game against AS Roma at Fenway Park July 25, Fenway Sports Management said Wednesday. The “match” is part of Fenway Park’s 100th anniversary celebration, added Fenway Sports Management, the sales arm of Fenway Sports Group, parent company of the Boston Red Sox and the Liverpool Football Club, the formal name of the Liverpool soccer team.
Mullen to create ads for Grey Goose vodka Lift a vodka martini to Boston ad agency Mullen --- a Grey Goose vodka martini. The reason for the toast? The premium vodka brand said it has selected Mullen to handle the creative side of Grey Goose’s global advertising. Previously, an ad agency called @Radical handled the creative duties for Grey Goose, and @Radical will continue to partner with Grey Goose on some initiatives.
A Wegmans in Downtown Crossing? Grocery chain is scouting Boston locations Wegmans is looking to open a supermarket in Boston and would consider a site in Downtown Crossing, the company’s chief executive Danny Wegman said today during a speech before the Greater Boston Chamber of Commerce. The New York grocery chain launched its first Massachusetts store last fall in Northborough and had a record grand opening at the massive 138,000 square foot food emporium. “We believe we belong in Boston, not just in the suburbs,” Wegman said.
Analyst: A123 may lack fundraising ability after defects Waltham-based A123 Systems Inc. may be unable to raise capital and could lose contracts as a result of the battery maker’s recall of defective packs sent to customers, a Deutsche Bank analyst said. The $55 million that A123 estimates it will cost to replace the flawed battery packs and modules “represents a severe impact” on cash reserves, wrote Dan Galves, a New York-based analyst at Deutsche Bank.
Ember Therapeutics licenses brown fat protein from Joslin Diabetes Center Ember Therapeutics Inc., a Boston start-up looking to build a portfolio of intellectual property related to brown fat, has completed a licensing agreement with the Joslin Diabetes Center. Joslin researchers have been studying a protein shown to play a role in the regulation of brown fat development. White fat stores energy; brown fat burns it off. Ember believes that proteins regulating brown fat can be used to treat such metabolic diseases as obesity and Type 2 diabetes.
Rattle wins ad account for Enterprise Bank Rattle, a Beverly-based advertising agency, said that Enterprise Bancorp Inc. of Lowell, commonly referred to as Enterprise Bank, has hired Rattle to help the bank launch its first major consumer ad campaign. Rattle won the business after an ad agency review; billings are expected to be in “the mid six-figure range,” Rattle said. The plan is for Rattle to work with Enterprise Bank to roll out a campaign that introduces the bank’s new Rewards Checking account program.
Mass. home sales rise in February February home sales rose 33 percent in Massachusetts when compared to the same month a year ago, a sign that the statewide rebound in the housing market is “starting to look pretty solid,” the Warren Group reported Wednesday. Last month, 2,350 single-family homes sold in the Bay State, the highest sales volume for the month of February in five years. But the median price for a single-family home in Massachusetts fell nearly 3 percent in February to $245,000.
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